The problem of our "time famine" is a complex system. Our way that we manage our time is easy to change and can happen in a week. True or False

Refer to exhibit 20-2. the market for good x is initially in equilibrium at $5. the government then places a per-unit tax on good x, as shown by the shift of s1 to s2. approximately what percentage of the tax do producers end up paying

Which of the following is not a factor affecting elasticity? A. availability of substitutes B. the goods relative importance C. whether the food is a necessity or a luxury D. the goods price range

Assess how Wal-Mart is managing ethics and social responsability as one of thé largest corporations in the world

Oaktree Company purchased new equipment and made the following expenditures: Purchase price $ 64,000 Sales tax 4,100 Freight charges for shipment of equipment 890 Insurance on the equipment for the first year 1,090 Installation of equipment 2,900

A person who produces work in the vernacular is one who

John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.

Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with. A) True B) False

If you die without a valid will: the federal court decides how the property should be distributed. the IRS confiscates your property. your relatives or friends will get the property. the state's law of descent and distribution becomes your will.

A service economy is one in which more effort is devoted to the production of goods than to the production of services. a. true b. false

Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $12,000 and were subject to a 2.5% bank fee.